The following data relate to direct labor costs for the current period: Standard costs 9,000 hours at $5.50 Actual costs 8,750 hours at $5.75 What is the direct labor rate variance?
A) $2,250.00 unfavorable
B) $2,187.50 unfavorable
C) $1,438.00 favorable
D) $1,375.00 favorable
B
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What is the difference between mandatory, permissive, and illegal bargaining items? Give examples of each.
What will be an ideal response?
Which of the following statements is CORRECT?
A. Sinking fund provisions sometimes turn out to adversely affect bondholders, and this is most likely to occur if interest rates decline after the bond was issued. B. Most sinking funds require the issuer to provide funds to a trustee, who holds the money so that it will be available to pay off bondholders when the bonds mature. C. A sinking fund provision makes a bond more risky to investors at the time of issuance. D. Sinking fund provisions never require companies to retire their debt; they only establish "targets" for the company to reduce its debt over time. E. If interest rates increase after a company has issued bonds with a sinking fund, the company will be less likely to buy bonds on the open market to meet its sinking fund obligation and more likely to call them in at the sinking fund call price.
A check is an order to a bank to withdraw funds at any time
Indicate whether the statement is true or false.
Both call and put option premiums are affected by the level of the existing spot price relative to the strike price; for example, a high spot price relative to the strike price will result in a relatively high premium for a call option but a relatively low premium for a put option
a. True b. False